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Blockchain

A SIMPLE GUIDE TO SMART CONTRACTS

This article was originally published on BlockTEST.com on August 20th, 2018. A smart contract (otherwise known as self-executing contracts, blockchain contracts, or digital contracts) is an automated contract. While a standard contract outlines the terms of a relationship (usually enforced by law), smart contracts are executions enforced by code. They are self-executing with specific instructions written on their code which get executed when certain conditions are met. In this form, contracts ca